The comet. (Johnson City, Tenn.) 1884-1916, 1887-06-09

1nlIu' Inc present directors IOr Une
current year Of the Charleston, Gin
cinndti and Chicago Railroad Com
pany, to wit: Frank Coke, Richard
Dozier, NJ. c, Butler, James D. Blan-
ding, II. X. Baker, j. T. Wilder, P. P,
Dickinson, p J, Sinclair, H. D. Lee,
w. L.. Roddey, D, N. Coats, f. S.
Brewer and W. F. Calender, shall
continue to be the directors of this
company until others are duly cleo
ted and qualified in their stead
Fourth. The number of shares of
the capitol stock of this corporation
shall be 100000
Fifth, The par value of each share
Of stock of this corporation shall be
$3.50.
Sixth, The manner of converting
the capitol stock of the said Georgia
and Carolina Midland Railroad Com
pany" into that Of the Charleston,
Cincinnati and Chicago Railroad
Company" shall be as follows; Every
owner of shares of the Georgia and
Carolina Midland Railroad Company
shall be entitled to one share Of the
Charleston, Cincinnati and Chicago
Railroad Company of the par value
of $3.50 each for each four shares so
held by him, and for any number Of
shares less than four scrip of the Char
lesto, Cincinnati and Chicago Rail
road Company to represent such frac-
ton of shares.
Seventh, The annual meeting of
the stockholders of the company shall
be held on the second Tuesday in
October, 1887 at 12 o'clock noon, at
the Charleston Hotel, in the city of
Charleston, S. c., at which meeting
it will be in order to transact any bus
mess within the power of the corpora
ton.
Eighth. The stockholders in general
meeting may adopt bylaws provid-
ing for the election of such other Of
ficers and agents as the interests of
the company may require and for the
removal Of any OF its officers already
elected, or for such other purposes as
they may see fit, and the present by
laws OF the Charleston, Cincinnati
and Chicago Railroad Company" shall
govern until others are adopted.
Ninth. The seal OF the company
shall consist of the words "Charleston,
Cincinnati and Chicago Railroad
Company" in a circle, and "Organ-
lied September, 1885," in the cetre.
This was signed by all the directors,
with the exception Of W. 7. Gary.
Resolved tnat said agreement is
hereby adopted as the act Of the stock
holders of this company and that the
directors are hereby authorized and
empowered forthwith and as rapidly
as possible to carry out the details of
the provisions Of that contract, and to
do anything which may be required
to be done to complete said consolida-
ton which this body as stockholders
can legally do.
The next resolution passed required
that before this consolidation should
take effect the Three C's should pay
off all the floating indebtedness of the
Georgia and Carolina Midland.
The secretary OF the meeting was
requested to file the articles of corpor-
alton in the Office of the secretary of
State.
The auditing committee of the road
Messrs. A. j. Morris, ]. H. Day and
E. R. Snyder, were continued as the
auditing committee until the accounts
can be Strengthened and settled. All
the offices OF this road will be vacated
and the directors are no more. The
great Three C's has taken in every
thing and will have the sole manage
ment and direction.
The last meeting of the stockholders
of the Georgia and Carolina Midland
adjourned after II o'clock tonight.
The joint agreement will be forward
ed for the signature of the directors OF
the Three C's, when the consolidation
will be completed